and the wealth of this nation judge the royal mail sale in three months said vince cable time's up today share price confirms the company was grossly under the taxpayer to billions of pounds so remember just after the world was made public and vince cable set the price at two hundred eighty p. and when it popped by like thirty forty percent he said don't count this this is just speculation come back to me in three months and see what the prices then well it's up to six hundred tempi and that means that the british taxpayer has lost two point eight billion pounds in wealth that they could have had for their royal mail which they built up over a generation this is part of britain's program or a program since we're talking crystal not of selling off the jewels of the british economy to private shysters whether it's the royal mail which they mispriced to be asked of criminals like j.p. morgan in any ordinary contract or all contacts there would be a claw back provision. that would allow for the mispricing to be overcome by her. having the ability to claw back funds in this case back to the b

i will give you two words again, royal mail.wo funds that had some stakes in the company did pretty darn well. lansdownek at the developed markets fund, use i gain of 44.5%. tci, just under 40%. the gains here in london. when you see games like 25%, that means they pressure for these guys to deliver. not many of them did. larry robbins was certainly at the top of that list. staying there is the problem. thanks for that. coming up, a bad week for two goodyear executives after being taken hostage by french workers. more on boss tapping -- ♪ >> i am manasquan he in london. this is "on the move" on bloomberg television, streaming live on bloomberg.com, your tablet, your phone and any windows phone. "the pulse" is up in 20 minutes. guy johnson is going to be there for the first hour and then yourself and anna. with meis going to be for both hours. >> excuse me. >> let's talk about what we've got. we are going to be talking about tech. it is a big story dominating the headlines at the moment. about sensors, wearable tech area -- tech.

similarly with postal service as i'm sure you're all familiar with, the royal mail, 500 euros government company was privatized in britain. the british government did that for the same reason we've got problems with our u.s. yes. declining mail volume and deed for greater efficiency in the market economy. so britain has done. iselin note -- i see no reason why this country can't privatized its postal system. thank you very much. >> thank you. mr. arnold. >> minus brandon arnold and the vice president of government affairs for the national taxpayers union. thank you to the committee and the chairmen and ranking ever for having me today. lef.. by myself i would include a heck of a lot more, but you know, when you are cooperating there is a lot to talk about bipartisan cooperation. we are very pleased to work to find stuff that we both agreed upon. i don't have time to go through all 65 recommendations in this brief period but the report is included in some entire dna binder and i hope that without objection the entire binder be placed on the record. i hope he will share it with your staff

chairman, the royal mail, 500 year old government company was privatized of humans ago in britain. raise $3 billion. the british government did that for the same reasons we've got problems with our usps. so if britain has been i so -- i see no reason why this country can't privatize its postal system. so in some i think we are reviving federalism and privatization would go a long way in cutting waste. thank you very much. >> thank you. mr. arnold. >> yes. minus brandon arnold. i'm vice president of governmental affairs for the national taxpayer union's. thank you for having me today. i would like to first of all say senator coburn is a phenomenal job with his waste book as has cd -- with the prime cuts and chris edwards at the cato institute with downsizing government.org. we approached our guide to reducing wasteful spending slightly carefully. we ported with the group, united state public interest research group and jayme to my left, to find areas of the federal budget most of wasteful in nature, any fish, an associate programs that both the left and right could agree upon. we pu

mail us. worldwide@cnbc.com. >>> royal dutch shell is stunned of a warning of a significant profit miss. the stock is down 2.6%. higher capacity and global refining conditions and current oil and gas prices will sorely dent fourth quarter figures. new chief executive ben van beurden says the 2014 performance is not what i expect from shell. mr. van beurden says he now expects profits to be $16.8 billion for all of 2014. coming up, hsbc could be facing a capital hold of more than $ 00 billion. this is according to analysts at forensic based research asia. the banking giant may have overstated assets by up to $92 billion. the report also says that h is sbc hasn't made the necessary adjustments during quantitative easing. it's allowed legacy problems to linger while new ones put emerging markets together. cnbc contacted hsbc. the bank declined to comment on the report. the hedge fund credited with spotting the u.s. subprime bubble. and we'll be joined exclusively by thomas monaco in just under an hour's time. we'll get through why he thinks what he thinks. meanwhile, simon is on the phone.

mails. >> this is something that has tumbled the highest levels of british politics, teen royal family.ew chance is in london. tell us what you know? >> it involves a number of hollywood stars testifying in the court in the stern of london. that's sienna miller, british actress, appearing by video link in new orleans where she's apparently working or located at this point. she was there to talk about an alleged voice mail that was intercepted allegedly by "news of the world" with reporters, a now defunct tabloid newspaper most associated with the allegations of phone hacking in which she left an intimate message on the voice mail of daniel craig, 007. that time she was the girlfriend of another actor jude law so it's become very complicated and salacious. they say his own p.r. put it out there. so it's all very complicated and salacious. but it's focusing attention on these very sometimes illegal methods in which the tabloids in this country made it a news gathering. >> it's been a huge story and a lot of people implicated and hurt by what went on with those tabloid tactics. i'm curious